European Stars And Stripes (Newspaper) - December 2, 1988, Darmstadt, Hesse Page 6 the stars and stripes Friday decembers. 19b8 making it stick it s a Rowney of it fad. Anna Morrison after it rets washed in laundromat. The had herself painted with Honey and then event which appears to have taken its rolled in a s 10.000 pile of Dollar Bills toll on Morrison was up moored by b she gels to keep what Slick to her Santa Rosa Calif radio station. Investment firm takes Over Rwjr Nabisco with 1 1 the hour bid by the Las Angeles times new York Wilh a stunning eleventh hour bid of about $24,3 billion the nation s leading corporate buyout company late wednesday won control of tobacco and food Pant Rwjr Nabisco and brought to a close the biggest takeover Bailie in corporate history. In a third trended round of bidding the Koh Beij Kravis Roberts & co. In vestment House overcame a buyout group Ted by Rwjr own top executives and was declared Victor in the 5-Weck old contest. The acquisition will hand Kohlberg Kravis a Bounty or valuable food and tobacco brands including Camel Salem and Winston cigarettes oreo cookies Grey Poupon Dijon Mustard. Life savers Candy and hawaiian punch fruit drink. The Sale of Rwjr has been watched with keen interest on Wall Street and elsewhere because of its huge size and because of questions it raises Aboul the growing indebtedness of . Companies. The takeover is almost twice the size of the previous record Chevron s 1984 Pur Chase of Gulf for $ 13.4 billion. The announcement came late wednes Day evening from the Board of directors of Rwjr the nation s 19lh largest corporation with 125,000 employees and 1987 sales of is 5.8 billion. The directors said that the bid valued at ji09 a share in Cash and securities was Superior to the management group s last bid which the Rwjr directors said was valued at $112 a share also in Cash and securities. The directors said that their decision was unanimous but did. Not spell out their reasons. In a statement the victorious invest ment firm principals Henry Kravis 44, and George Roberts 45, said they were pleased thai this process has come to an end so the employees of Rwjr its con a Mars and suppliers. Can be assured that business will now return to Kohlberg Kravis is expected to sell off a. Portion of Rwjr s food businesses to pay some of the soaring debt expected to be near 120 billion. Kcjr officials have promised that they would sell fewer of the company s food brands than the management led group would have. The new owner is expected to hold on to the company s slow growing but highly profitable tobacco business. The decision Marks a bitter defeat for the management group led by Rwjr presi Dent f. Ross Johnson who began the Battle with a proposal to take the company Pri vate and who appeared to be dose to a Victory earlier wednesday. The decision announced by Rwjr Man agers at 1 . Wednesday was Only the latest remarkable turn in a Saga that has generated drama and controversy since it began. As it developed into an All out Brawl Between four groups of Bidden and their advisers the contest also focused attention on the merits of the takeover deals known As leveraged buyouts. In these transactions a company s management or an outside concern borrows huge amounts to buy the company and then tries to repay the debts through improving profits or by Selling assets. Critics have charged that these deals make huge sums for me acquirers and their advisers but throw scores of workers out of jobs while draining off Money needed for re search and development and productive Johnson and his fellow managers were accused by some of trying to us airy exploit their positions when they offered what was perceived As a Low initial did of j75 per share. They faced criticism Loo when it was reported that they had Cut a compensation Deal with their principal partner the Shearson Lehman Mutton investment House that could have Given a Small group of managers company Slock Worth $2.6 Bil lion within fou years time. The Deal also angered Rwjr bondholders who saw the value of their investment fall sharply when the buyout was announced american men performing More a Wash Inchon a american women still do most of the cooking laundering and housecleaning but men have accepted an increased share of other household chores such As pet care gardening and Deal ing with ills a University study shows. V Overall american women do two hours of House work for every one hour put in by a Man according to the report by sociologist John p. Robinson of the University of Maryland. Robinson s findings based on his 1985 Survey of 5,000 men and women compare to earlier similar studies at the University of Michigan which said that women performed a 3-10-1 share of housework in 1975 and nearly 6 to i in 1965. All three analyses found four primarily female tasks cooking meals cleaning up after meals hous Cdean ing and laundry. Men dominated two areas Yard work and aortic repairs Robinson found. And to areas where women previously did the majority of the work physically dealing with Bills and the combined category of Gar Dening and pet care were about evenly divided in. The most recent report. Several important trends account for shifts in who docs How much housework Robinson said. These inv elude declines in he share of households with children a smaller share of married couple households and the or creasing number of women in the paid workforce. Robinson s study is reported in the december Edi Tion of american demographics Magazine which concentrates on population and statistics issues. In 1985, Robinson found men averaged 9.8 hours while women put in 19.5 Houra. The 1975 study found men working 7 hours a week on Home tasks compared to 21,7 hours for women. And a decade earlier men spent 4.6 hours a week on housework compared to 27 hours for women. Out despite the increasing male share of the Load men and women still tended to observe traditional separations of tasks. For example in 1965 some 98 percent of washing and ironing was done by women while by 1985 that was Only Down to 88 percent. Women did 87 percent of Sotang in 1965, and 77 percent in 1985, v on the other hand men did Only 32 percent of the Bill paying chores in 1965 but increased their share to 52 per cent by 198 5. And men did s3 percent of the gardening and pet care in 1985, up from 33 percent two decades earlier. Women with children under age 5 averaged 22.5 hours of housework weekly in 1985, compared to 19.9 hours for women with children Over age 5 and 17.9 hours for child less women. A three figures Are Down from prior years. The studies show that gelling married in 1965 increased a woman s housework time from 15,5 Houis weekly to 31.6 hours. Men on the Oiher hand eased their Burden a bit averaging 4.7 hours when single and Only 4.5 hours Afler gelling married. ,.,".". By 1985, marriage increased inc housework for women from 14.9 hours to 22.4 hours while men worked 7,9 hours on housework when single and i hours Afler getting married in 1965 a housewife averaged 34 hours of House work a week compared to 17,8 hours for women with paid jobs. By 1985 that had declined to 23.6 hours for the women at Home and 14.7 hours for those with jobs. Stateside deputies patrolling slopes for out of Bounds skiers Frisco Colo a deputies will be on the slopes this Winter ready to arrest anyone caught skiing out of Bounds. Such skiers will be taken to the jail and booked and we will take their skis and poles As evidence of a crime sum Mit county sheriff said Avalanche deaths have been reported in the last two Winters and Ewoldt said he planned to strictly enforce the Colorado skier safety act in an Effort to prevent further tragedy. Last year Ewoldt s skiing deputies nabbed six Viola tors. They were not released from jail until they paid bail and each eventually Sutt cred inc maximum penalty a Fineo Sjoo. ,. Y to Honor Churchill with recognition week Washington not Washington is the Capi Tal the Drilich burned but that was More than.174 years ago. Since then. American feelings toward the Drilich have improved v so it conies As no Surprise that president Reagan is scheduled wednesday to proclaim National sir Winston Churchill recognition week in Honor of the British prime minister who was born on nov 30, 1874, and died in 1965 at the age of90. Churchill whose Mother was an american was himself declared an honorary american citizen a Quarter of a Century ago. Last month in inc waning hours of the 100th Congress a Resolution calling for a Churchill week Wai passed by the Senate and the House. V
